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Loan Modification

: Mortgage Lender Implode-o-Meter

more refinancing borrowers go with shorter terms

By Implode-Explode Heavy Industries

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"Of borrowers who refinanced a 30-year fixed-rate mortgage, a whopping 32 percent opted for a shorter term loan, such as a 15-year of 20-year fixed loan product, according to mortgage financier Freddie Mac?s fourth quarter Product Transition Report."

Full post as published by Mortgage Lender Implode-o-Meter on February 16, 2011 (boomark / email).

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